Technical analysis of GBP/CHF for February 11, 2014
February 11, 2014 8:05 amVideo
Latest News
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
- Hot forecast for EUR/USD on April 19, 2024 April 19, 2024
- We’ve Donated Books in Vietnam for Children’s Day April 19, 2024
- Week Ahead – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Technical Analysis – GBPJPY range trading continues April 19, 2024
- Overview of the GBP/USD pair on April 19th. The Bank of England may lower the rate in May April 19, 2024
- Overview of the EUR/USD pair on April 19th. Jerome Powell crushed all euro growth prospects April 19, 2024
- Key events on April 19: fundamental analysis for beginners April 19, 2024
- Trading plan for GBP/USD on April 19. Simple tips for beginners April 19, 2024
- Trading plan for EUR/USD on April 19. Simple tips for beginners April 19, 2024
- Forecast for EUR/USD on April 19, 2024 April 19, 2024
- Forecast for GBP/USD on April 19, 2024 April 19, 2024
- Forecast for USD/JPY on April 19, 2024 April 19, 2024
- Technical Analysis of Intraday Price Movement of Litecoin Cryptocurrency, Friday April 19 2024. April 19, 2024
Technical outlook and chart setups:
1. The GBP/CHF pair remains unchanged from what was discussed yesterday. Trading around 1.4700 levels at the moment, one can expect a break below 1.4500 soon. All counter trend rallies should be well capped below 1.4950/60. It is recommended to hold short positions, and also look to sell rallies from here on.
2. Immediate resistance is at 1.4950/60, followed by 1.5120/30, while supports are spread through 1.4550/60, 1.4350, 1.42000 and 1.4000 respectively.
3. The structure reveals that below 1.5120/30, the GBP/CHF is expected to drift lower towards 1.4000 levels eventually. Weekly charts suggests that a major top has been formed at 1.5120/30 now and prices are towards a lower low (below 1.4).
Trading recommendations:
Remain short, stop is at 1.5130, target is at 1.4.
Good luck!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: